30 May 2019 – technical separation of EQ US division from Wells Fargo
Equiniti has announced the completion of the technical separation of its EQ US division from Wells Fargo. The acquisition of Wells Fargo’s share registration business positions Equiniti for growth in a potentially lucrative capital market, enhancing opportunities for cross-selling to new and existing clients and providing an opportunity to gain a greater share of the share registration and employee plans market in the US. All business functions are now administered on Equiniti’s infrastructure and systems in Minneapolis, Milwaukee, Chicago and New York. We keep our BUY rating.